VOICED : Emerging Myanmar discovering it pays to insure

The video discusses the challenges faced by a shop owner in Myanmar who lost her shop twice to fire and highlights the growing importance of insurance in the country. It explores the impact of democratic reforms on Myanmar's economy and the insurance sector, noting that only a small percentage of drivers have insurance. The video also examines the potential growth of the insurance market as major firms enter and investment increases, with projections suggesting significant market value by 2030.

What prompted the shop owner to consider buying insurance?

• She received a government grant.

• Her shop was destroyed by a flood.

• She wanted to expand her business.

• Her shop was destroyed by fire twice.

What percentage of drivers in Myanmar had insurance according to the government?

• 5%

• 10%

• 20%

• 15%

What was the state of the insurance market in Myanmar until 2013?

• It was highly competitive.

• It was a government-run monopoly.

• It was non-existent.

• It was dominated by private companies.

What is the estimated value of Myanmar's insurance market by 2030?

• 3 billion dollars

• 5 billion dollars

• 2.5 billion dollars

• 1 billion dollars

What is one reason for the growing interest in insurance in Myanmar?

• Increased government subsidies

• Decline in foreign investments

• Rising awareness and economic reforms

• Mandatory insurance laws